Vietnam: Interim Measures During Foreign Arbitral Proceeding
1．With the increasing number of cross-border transactions involving Vietnam, the popularity of foreign arbitration has grown. In 2021, the number of disputes between Vietnamese and foreign parties submitted to the Singapore International Arbitration Center （SIAC） and the Vietnam International Arbitration Center （VIAC） were 55 and 49, respectively. A foreign party to a cross-border transaction tends to choose foreign arbitration to settle any arising dispute, which has shown to be more advantageous than courts or domestic arbitration in some respects, namely in terms of neutrality, procedural flexibility, and temporal efficiency. Moreover, the ability to select professional arbitrators with profound expertise and experience in the field of dispute influences this choice as well. The question is…To read the article, please see the PDF file
- It is also available in PDF.
Asia Newsletter (March 23, 2023)
Download PDF [182 KB]